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G2 Information Regarding Members of the Board of Directors and Group Management (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Information About Board Of Directors And Group Management [Abstract] |
Summary of Remuneration to Members of the Board of Directors | Remuneration to the Board of Directors
SEK |  |  | Board fees |  |  |  | Number of synthetic shares/portion of Board fee |  |  |  | Value at grant date of synthetic shares allocated in 2024 |  |  |  | Number of previously allocated synthetic shares outstanding |  |  |  | Net change in value of synthetic shares | 1) |  |  | Committee fees |  |  |  | Total fees paid in cash | 2) |  |  | Total remu- neration 2024 |  |  | Total remu- neration 2023
|  |  |  |  |  |  |  |  |  |  | A |  |  |  |  |  |  |  | B |  |  |  |  |  |  |  | C |  |  |  | (A+B+C) |  |  |
Board member |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Jan Carlson |  |  | 4,640,000 |  |  |  | 62,021/75% |  |  |  | 3,479,998 |  |  |  | 25,948 |  |  |  | 2,987,549 |  |  |  | 440,000 |  |  |  | 1,600,000 |  |  |  | 8,067,547 |  |  | 4,082,525
Jacob Wallenberg |  |  | 1,175,000 |  |  |  | 15,705/75% |  |  |  | 881,208 |  |  |  | 25,948 |  |  |  | 1,423,458 |  |  |  | 195,000 |  |  |  | 488,750 |  |  |  | 2,793,416 |  |  | 487,525
Jon Fredrik Baksaas |  |  | 1,175,000 |  |  |  | 10,470/50% |  |  |  | 587,472 |  |  |  | 17,298 |  |  |  | 948,947 |  |  |  | 540,000 |  |  |  | 1,127,500 |  |  |  | 2,663,919 |  |  | 1,015,455
Carolina Dybeck Happe 4) |  |  | 587,500 |  |  |  | – |  |  |  | – |  |  |  | 10,003 |  |  |  | 321,797 |  |  |  | – |  |  |  | – |  |  |  | 321,797 |  |  | –166,650
Börje Ekholm |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  | –
Eric A. Elzvik |  |  | 1,175,000 |  |  |  | 5,235/25% |  |  |  | 293,736 |  |  |  | 8,648 |  |  |  | 474,439 |  |  |  | 540,000 |  |  |  | 1,421,250 |  |  |  | 2,189,425 |  |  | 1,355,889
Kristin S. Rinne |  |  | 1,175,000 |  |  |  | 5,235/25% |  |  |  | 293,736 |  |  |  | 14,216 |  |  |  | 659,144 |  |  |  | 395,000 |  |  |  | 1,276,250 |  |  |  | 2,229,130 |  |  | 1,051,307
Helena Stjernholm 5) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 17,298 |  |  |  | 595,375 |  |  |  | – |  |  |  | – |  |  |  | 595,375 |  |  | 766,726
Jonas Synnergren |  |  | 1,175,000 |  |  |  | 15,705/75% |  |  |  | 881,208 |  |  |  | – |  |  |  | 530,358 |  |  |  | 505,000 |  |  |  | 798,750 |  |  |  | 2,210,316 |  |  | 1,610,000
Christy Wyatt |  |  | 1,175,000 |  |  |  | 15,705/75% |  |  |  | 881,208 |  |  |  | – |  |  |  | 530,358 |  |  |  | 200,000 |  |  |  | 493,750 |  |  |  | 1,905,316 |  |  | 1,325,000
Karl Åberg |  |  | 1,175,000 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 195,000 |  |  |  | 1,370,000 |  |  |  | 1,370,000 |  |  | –
Employee Representatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ulf Rosberg |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 14,400 |  |  |  | 66,150 |  |  |  | 66,150 |  |  | 63,750
Kjell-Åke Soting |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 21,600 |  |  |  | 73,350 |  |  |  | 73,350 |  |  | 76,950
Annika Salomonsson |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 19,800 |  |  |  | 71,550 |  |  |  | 71,550 |  |  | 69,150
Loredana Roslund (deputy) |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 51,750 |  |  |  | 51,750 |  |  | 54,750
Frans Frejdestedt (deputy) |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 51,750 |  |  |  | 51,750 |  |  | 29,250
Stefan Wänstedt (deputy) |  |  | 51,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 1,800 |  |  |  | 53,550 |  |  |  | 53,550 |  |  | 29,250
Total |  |  | 13,763,000 |  |  |  | 130,076 |  |  |  | 7,298,566 |  |  |  | 119,359 |  |  |  | 8,471,425 |  |  |  | 3,067,600 |  |  |  | 8,944,350 |  |  |  | 24,714,341 | 3) |  | 11,850,877
Total including resigned Board members |  |  | 13,763,000 |  |  |  | 130,076 |  |  |  | 7,298,566 |  |  |  | 173,770 | 6) |  |  | 10,396,596 | 7) |  |  | 3,067,600 |  |  |  | 8,944,350 |  |  |  | 26,639,512 | 3) |  | 9,615,320 8)
1) | The difference in value as of the time for payment, compared to December 31, 2023, for synthetic shares allocated in 2019 (for which payment was made in 2024). The difference in value as of December 31, 2024 compared to December 31, 2023, for synthetic shares allocated in 2020, 2021 and 2022. Calculated on a share price of SEK 89.88. The value of synthetic shares allocated in 2020, 2021, 2022 and 2023 includes respectively SEK 2.00, SEK 2.50, SEK 2.70 and SEK 2.70 per share in compensation for dividends resolved by the Annual General Meetings 2021, 2022, 2023 and 2024, and the value of the synthetic shares allocated in 2019 includes dividend compensation for dividends resolved in 2020, 2021, 2022 and 2023.
2) | Committee fee and cash portion of the Board fee.
3) | Excluding social security charges in the amount of SEK 5,466,068.
4) | Resigned from the Board of Directors on September 23, 2024 thereby being entitled to only half of the Board fee.
5) | Resigned from the Board of Directors in connection with the Annual General Meeting held on April 3, 2024.
6) | Including synthetic shares previously allocated to the former Directors Kurt Jofs, Nora Denzel and Ronnie Leten.
7) | Including synthetic shares previously allocated to the former Directors Kurt Jofs, Nora Denzel and Ronnie Leten. For these synthetic shares the net change in value corresponds to the difference in value as of the time for the payment compared to December 31, 2023.
8) | Including the former Directors Kurt Jofs, Nora Denzel, Ronnie Leten and the Employee Representatives Torbjörn Nyman and Anders Ripa.
Summary of Remuneration Costs for the President and CEO and Other Members of Executive Team (ET) | Remuneration costs for the President and CEO and other members of the Executive Team (ET)
SEK |  |  | President and CEO 2024 |  |  |  | President and CEO 2023 |  |  |  | President and CEO 2022 |  |  |  | Other members of ET 2024 3) |  |  |  | Other members of ET 2023 | 3) |  |  | Other members of ET 2022 | 3) |  |  | Total 2024 |  |  |  | Total 2023 |  |  |  | Total 2022 |
Salary 1) |  |  | 20,526,329 |  |  |  | 19,520,568 |  |  |  | 19,154,852 |  |  |  | 145,880,088 |  |  |  | 135,208,734 |  |  |  | 132,945,295 |  |  |  | 166,406,417 |  |  |  | 154,729,302 |  |  |  | 152,100,147 |
Termination benefits |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 57,092,817 |  |  |  | – |  |  |  | 25,503,967 |  |  |  | 57,092,817 |  |  |  | – |  |  |  | 25,503,967 |
Annual variable remuneration provision earned for the year |  |  | 15,036,644 |  |  |  | – |  |  |  | – |  |  |  | 162,568,816 |  |  |  | 48,399,226 |  |  |  | 90,908,181 |  |  |  | 177,605,460 |  |  |  | 48,399,226 |  |  |  | 90,908,181 |
Long-term variable compensation provision |  |  | 19,780,629 |  |  |  | 31,708,587 |  |  |  | 41,125,015 |  |  |  | 33,628,636 |  |  |  | 30,547,582 |  |  |  | 43,688,149 |  |  |  | 53,409,265 |  |  |  | 62,256,169 |  |  |  | 84,813,164 |
Pension costs 2) |  |  | 10,151,804 |  |  |  | 10,151,804 |  |  |  | 9,856,121 |  |  |  | 22,964,759 |  |  |  | 24,607,643 |  |  |  | 42,248,588 |  |  |  | 33,116,563 |  |  |  | 34,759,447 |  |  |  | 52,104,709 |
Other benefits |  |  | 584,168 |  |  |  | 828,287 |  |  |  | 135,743 |  |  |  | 27,184,306 |  |  |  | 19,575,733 |  |  |  | 20,167,043 |  |  |  | 27,768,474 |  |  |  | 20,404,020 |  |  |  | 20,302,786 |
Social charges and taxes |  |  | 20,762,202 |  |  |  | 19,546,145 |  |  |  | 22,079,378 |  |  |  | 65,013,883 |  |  |  | 45,222,286 |  |  |  | 60,745,133 |  |  |  | 85,776,085 |  |  |  | 64,768,431 |  |  |  | 82,824,511 |
Total |  |  | 86,841,776 |  |  |  | 81,755,391 |  |  |  | 92,351,109 |  |  |  | 514,333,305 |  |  |  | 303,561,204 |  |  |  | 416,206,356 |  |  |  | 601,175,081 |  |  |  | 385,316,595 |  |  |  | 508,557,465 |
1) | Includes compensation for unused vacation days.
2) | Includes cash payments to the President and CEO in lieu of defined contribution payment in a cost neutral way to Ericsson.
3) | Does not include cash compensation paid to Rory Read of USD 32.76 million in 2022 and USD 10.64 million in 2023. The total amount was reported separately as ‘Deviations from adopted Guidelines for remuneration to Group Management’ in Remuneration Report 2022 as compensation for acceleration of pre-existing long-term share based variable incentive program of restricted and performance stock units (RSU and PSU) in Vonage.

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